Loading…
Reuters reports that vomitoxin, a fungal toxin, has been found in some US corn harvested last year. Poultry and pork farmers are forced to test their grain.
The finding adds to pressure on growers already facing large supplies and low prices.
Contaminated corn may be rejected or discounted by feed users, widening the spread for clean grain and adding testing costs, which is bearish for affected corn lots.
reuters.comP.J. HuffstutterApr 22, 2017After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
